MKH Berhad 143 TAX EXPENSE (CONT’D) 8. Notes to the Financial Statements For the Financial Year Ended 30 September 2022 2022 RM The Company 2021 RM 2021 RM 2022 RM The Group Tax calculated using Malaysian tax rate of 24% (2021: 24%) Tax effects of: Profit before tax Non-deductible expenses Non-taxable income Share of results of associates Effect of differences in overseas tax rate: Double deduction expenses Effect of difference in Real Property Gains Tax (“RPGT”) rate Deferred tax assets not recognised Realisation of deferred tax assets not recognised in prior financial years Reversal of deferred tax assets recognised in prior year The People’s Republic of China Republic of Indonesia Under/(Over) provision in prior financial year: Current tax Deferred tax Tax expense 161,053,974 84,261,540 79,717,699 171,253,926 38,653,000 20,222,800 19,132,200 41,100,900 5,981,806 3,049,620 1,600,300 6,987,177 (2,240,935) (21,673,020) (17,428,200) (4,841,033) 573,839 - - (336,090) (80,700) - - (6,600) 702,100 - - (340,900) 35,600 - - 28,600 (2,117,400) - - (1,598,460) 7,845,630 - - 5,323,000 (757,011) - - (4,753,178) 8,986,800 - - 2,533,600 998,485 25,676 22,131 584,784 (235,220) - - (2,175,063) 58,345,994 1,625,076 3,326,431 42,506,737 A reconciliation of tax expense applicable to profit before tax at the applicable statutory income tax rate to tax expense at the effective income tax rate of the Group and of the Company is as follows: As mentioned in Note 3, the tax effects of deductible temporary differences, unused tax losses and unused tax credits which would give rise to net deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which the deductible temporary differences, unused tax losses and unused tax credits can be utilised. As of 30 September 2022, the estimated amount of deductible temporary differences, unused tax losses and unused tax credits, for which the net deferred tax assets are not recognised in the financial statements due to uncertainty of realisation, are as follows: 2022 RM 2021 RM The Group 311,291,763 298,360,836 Unused tax losses Unabsorbed capital allowances Other temporary differences 249,266,832 266,554,161 181,152 119,589 48,912,852 44,618,013
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